No-Deal Brexit Possibility Suddenly Comes Alive for the Markets

No-Deal Brexit Possibility Suddenly Comes Alive for the Markets
Members of the European Council attend a meeting on March 21, 2019 in Brussels on the first day of an EU summit focused on Brexit. - European Union leaders meet in Brussels on March 21 and 22, for the last EU summit before Britain's scheduled exit of the union. (Photo by Aris Oikonomou / AFP) Photo credit should read ARIS OIKONOMOU/AFP/Getty Images
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Pound investors are ripping up their Brexit playbooks as the chance of a no-deal exit flare once again.

Sterling is the only major currency to fall against the dollar this week as U.K. Prime Minister Theresa May gambles on getting her plan over the line with just over a week to go before the exit. Option traders are betting on further losses and increased currency swings, while fund managers are seeking help from constitutional experts to assess the potential fallout.